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Nonprofit Real Estate – Special Aspects Including Ownership, Transfer, Property Tax Exemption, and Third-Party Facility Usage

Nonprofit Real Estate How are nonprofit real estate transactions similar to but different from commercial transactions? To what extent may property tax exemption be available? This session addresses buying, selling, or donating real estate within the nonprofit context, including corporate authorization required for such transaction, potential conflict of interest implications, and related tax and risk management aspects. Additionally, this session will explain legal qualification for religious, educational, and charitable property tax exemption – particularly how it differs from Section 501(c)(3) tax-exempt status, why all the details really matter, and how best to show that fee revenues do not violate the “view to profit” disqualification. Learn how to best structure facility usage arrangements in requisite non-commercial ways, to maximally protect property tax exemption.
Credits: 1 General, 0 Diversity/Inclusion PR, 0 MH/SA PR, 0 Other PR
SKU: P2300-23R-04
$60.00 or 1.00 credits
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Faculty:

Sally WagenmakerWagenmaker & Oberly, LLC, Chicago

Expires: 2/28/2025

Faculty:

Sally WagenmakerWagenmaker & Oberly, LLC, Chicago

Expires: 2/28/2025

Products specifications
CategoryCorporate & Commercial
Program Date3/9/2023
CategoryTax
Products specifications
CategoryCorporate & Commercial
Program Date3/9/2023
CategoryTax
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